Chief Learning Officer magazine is a trademark of Mediatec Publishing Inc. All clomedia.com and Chief Learning Officer magazine content Copyright 2013 MediaTec Publishing Inc. All Rights Reserved. It is illegal to copy, reproduce or publish any information contained on clomedia.com or in Chief Learning Officer magazine without express written permission from MediaTec Publishing Inc.
Study: Spending on Integrated Talent Management Systems to Reach $4 Billion
Oakland, Calif. — Nov. 27Bersin & Associates, a provider of research-based membership programs in human resources, talent and learning, has announced new research that shows the market for integrated talent management technologies is anticipated to grow 22 percent to nearly $4 billion in 2012-13, almost double the growth rate of 12 percent in 2011-12.
Detailed findings are included in Bersin & Associates' new research report, “Talent Management Systems 2013: Market Analysis, Trends and Provider Profiles.”The research looks at integrated talent management technologies, which are multidisciplinary services that help HR hire better, manage performance for results, coordinate compensation, develop talent and address succession. The research aims to provide a guide for both buyers and sellers.Talent Management Systems 2013 outlines key market trends, including:• Ongoing integration of stand-alone applications into talent management suites to accommodate talent analytics and workflows.
• The move of talent management suites to rival core HR systems — creating talent profiles that can serve as the employee system of record.
• The addition of social media and mobile technologies in some form at almost every stage of talent management.
• Continued acquisition of talent solution-providing companies, either by larger suite providers seeking to augment their existing products or by the major enterprise resource planning vendors as their software-as-a-service systems for talent management.
• A shift in the perceived benefits of talent management systems from cost savings to strategic value for the organization.
Source: Bersin & Associates
The Next Generation of HR: What’s Wrong? What’s Right?
May 23rd 1:00pm - 2:00pm CT
2013 CLO Breakfast Club, Boston
September 12th - 12th, 2013The Westin Copley Place
Fall 2013 CLO Symposium
September 30th - October 2nd, 2013Rancho Las Palmas Resort & Spa
Get the Magazine